Historical trends suggest that the CME gap in the $84,000–$85,000 range is likely to be filled.
Bitcoin (BTC) surged over the weekend, reaching a high of $87,800 on Monday. This upward movement created a new gap between CME futures’ closing price on Friday and the start of trading for the new week.
CME futures closed last week at $84,190 and opened approximately $1,000 higher at $85,160. This price discrepancy sets the stage for a potential pullback, as Bitcoin has historically shown a tendency to fill CME futures gaps.
Earlier in mid-March, Bitcoin filled the last significant gap, which originated during the November rally following Donald Trump’s election victory. That gap was fully closed when BTC dropped to $76,700.
These gaps occur because spot Bitcoin trades continuously, while CME futures operate only 23 hours a day, Sunday through Friday. When significant price fluctuations take place during CME’s off-hours, gaps emerge between the previous session’s close and the new session’s open.
Given Bitcoin’s historical pattern of retracing to close such gaps, there is a strong likelihood that the price could revisit the $84,000–$85,000 range in the near future.
